I think 
UA is acting very strong here, it managed to shake me out of a long position at break even 2 months ago, but after July's surge, a long term Timemode trend signal kicked in. Upside in the stock is tremendous, adventurous traders could follow this monthly trend going long around here, or lower, with a rather tight stop @ 20.23. A larger wiggle room would be better for more conservative traders (and thus smaller size, with up to 2% risk if stopped out), setting stops under 18.92.
The trend will remain valid for the next 12 months, after which it might start a large scale consolidation or correction. There's a chance it builds a new trend signal over time and just move higher and higher for a long time (think
AMZN, as pointed out by timwest in the Key Hidden Levels chatroom today...buying it at $10 a share, when it was cash flow positive ended up being an insanely good long term investment...).
Best of luck if buying into it here, whatever your risk profile is.
Cheers,
Ivan Labrie.
UA is acting very strong here, it managed to shake me out of a long position at break even 2 months ago, but after July's surge, a long term Timemode trend signal kicked in. Upside in the stock is tremendous, adventurous traders could follow this monthly trend going long around here, or lower, with a rather tight stop @ 20.23. A larger wiggle room would be better for more conservative traders (and thus smaller size, with up to 2% risk if stopped out), setting stops under 18.92.The trend will remain valid for the next 12 months, after which it might start a large scale consolidation or correction. There's a chance it builds a new trend signal over time and just move higher and higher for a long time (think
AMZN, as pointed out by timwest in the Key Hidden Levels chatroom today...buying it at $10 a share, when it was cash flow positive ended up being an insanely good long term investment...).Best of luck if buying into it here, whatever your risk profile is.
Cheers,
Ivan Labrie.
Note
Acting strong.
First monthly target reached.
Holding for the long term.
Note
Breaking out, good outlook here.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.